Australian (ASX) Stock Market Forum

The official "ASX is tanking!" panic thread

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As of posting US markets were up with the S&P500 up 1.62%.

The move appears to be mainly on the back of the much-anticipated speech by Bernanke where he announced no new monetary stimulus but more importantly no need for immediate monetary stimulus.

At the same time he stated that the fed has a range of tools in the toolbox (doubtful) that they can use.

Hopefully it's not another case of the devil in the details as his remarks get more closely scrutinized before trading opens in Asia Pacific on Mon.

Curiously gold is rising again (perhaps get in again?)
 
The Daily Telegraph declares the end of the world.

The US market drops heavily at the open.

A Feekin Hurricane is barrelling down on the most populated area of USA, looking like it's lining up about 3 major cities all in one hit.

The Fed steps up to the podium and announces Zero, Zip, Nunna, Nano, Naught, NO stimulus - what so ever. "Suggests to congress - "If you wanna do something you can.":eek:

Then the market comes out of a little ballerina fetal crouch and jumps about 3%. Finishes 1.2% from 2% down and positive for the week.

Hmmmmm. Murdoch was investing yesterday between 3pm and midnight?
Maybe the hurricane is a beat up too.

Although from a technical point of view - DAX 1 year and 3 Year price and volume look -:eek:
There's a weird theme current of stength amidst all this terror.(try not to use the panic word)
 
2 now 3 posts in this thread today...are some still panicking, uncomfortable holding...or have we transitioned to the inevitable un-comfortableness of not holding. :)

Panic buying. :rolleyes:
 
Why is everyone so dramatic, it is only money.

No risk, no reward, be brave, it is only a game.

These are fun times, volatility rules, traders should be having a ball.

Cheers
 
Muschu said:
Maybe just a plateau?
Click to expand...

Maybe all the buying is on the back of all the dividends the holders are getting...anyone know just how much is paid out in dividends over August Sept October? must be 100's of millions. :dunno:

Theory.

The panic sellers sold to people who were not panicking...and so more dividends have ended up at the disposal of the non panicked, and so they are comfortable to put that money straight back into the market...while the still reasonably uncomfortable, plateauist's, triple dippers and traders sell. :)
 
So_Cynical said:
2 now 3 posts in this thread today...are some still panicking, uncomfortable holding...or have we transitioned to the inevitable un-comfortableness of not holding. :)

Panic buying. :rolleyes:
Click to expand...

Panic buying? Greek market went up 18% yesterday. Now that's panic buying.

BTW I maintain my stance that healthy markets don't go up and down 3% every second day. But there probably isn't much point of repeating that here everyday just to boost the post count...
 
baby_swallow said:
looks like happy days are back.....
feels like August 2010 again....market is pricing
a "formal" QE3 announcement.
Click to expand...

I'm confused, I'm not sure if there's sarcasm in there or not.

Was it happy days in August 2010? If so, why are we 100 points lower now? And why would we be feeling happy about it?

Or is it happy days because the market went up 20 points today?:confused:
 
Not much conviction today.

Interest rate cut off the cards with slightly more positive Ausi retail action.

Makes it hard for Ausi stocks and keeps international investors away.

I reckon you could just about throw a dart at the retailers and be on a winner at the moment!

The fact that The Reject shop has suffered like all the other retailers says to me it's not internet revolution killing bricks and mortar, it's simply Ausies feeling the squeeze having committed to massive mortgages and now paying more interest than they like.
The stuff you get in the Reject shop is hardly something you would be buying over the net!

I don't see how there can be QE3 with interest rates remaining zip for 2 years in the States. Read between the lines!!! Stupid press will not shut up about QE3 hopes lifting global markets - idiot rubbish.
People will start to believe it however if the press chant it enough which they will.

I reckon Bernanke sees a little more positive growth coming along and is keeping it quiet so the market is not disappointed but positively surprised and QE3 hopes fall into the background naturally.

Machines idling.

Dividends might be as exiting as it gets for a while!
 
Can't believe people pay good money to go see see these wankers.
What's even worse is - they clap.:eek:
Thank you. Thank you. Thank you. I just made 200 grand out of you idiots.:eek::2twocents
 
dji.JPG
11582.65 10:00

I know google is not the best but what a jump in 2 mins 118 points. Will be intresting to see what comes from this
dji 2.JPG
11700.91 10:02

*insert conspiracy theory here

lol
 
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